Okla. Stat. tit. 62, § 62-57.111
This is the official text of Okla. Stat. tit. 62, § 62-57.111, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Judicial approval of Series D Bonds
Official statutory text
The Commission is authorized in its discretion to file an
application with the Supreme Court of Oklahoma for the approval of
the Series D Bonds, and exclusive original jurisdiction is hereby
conferred upon the Supreme Court to hear and determine each such
application. It shall be the duty of the Court to give such
applications precedence over the other business of the Court and to
consider and pass upon such applications and any protests which may
be filed thereto as speedily as possible. Notice of the hearing on
each application shall be given by notice published in a newspaper
of general circulation in the State that on a day named the
Commission will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. Such
notice shall be published one time not less than ten (10) days prior
to the date named for the hearing and the hearing may be adjourned
from time to time in the discretion of the Court. If the court
shall be satisfied that the bonds have been properly authorized in
accordance with this act and Section 37, Article X, of the
Constitution of Oklahoma, and that when issued they will constitute
valid obligations in accordance with their terms, the Court shall
render its written opinion approving the bonds and shall fix the
time within which a petition for rehearing may be filed. The
decision of the Court shall be a judicial determination of the
validity of the bonds, shall be conclusive as to the State of
Oklahoma, its officers, agents and instrumentalities, and thereafter
the bonds so approved and the revenues pledged to their payment
shall be incontestable in any court in the State of Oklahoma.
application with the Supreme Court of Oklahoma for the approval of
the Series D Bonds, and exclusive original jurisdiction is hereby
conferred upon the Supreme Court to hear and determine each such
application. It shall be the duty of the Court to give such
applications precedence over the other business of the Court and to
consider and pass upon such applications and any protests which may
be filed thereto as speedily as possible. Notice of the hearing on
each application shall be given by notice published in a newspaper
of general circulation in the State that on a day named the
Commission will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. Such
notice shall be published one time not less than ten (10) days prior
to the date named for the hearing and the hearing may be adjourned
from time to time in the discretion of the Court. If the court
shall be satisfied that the bonds have been properly authorized in
accordance with this act and Section 37, Article X, of the
Constitution of Oklahoma, and that when issued they will constitute
valid obligations in accordance with their terms, the Court shall
render its written opinion approving the bonds and shall fix the
time within which a petition for rehearing may be filed. The
decision of the Court shall be a judicial determination of the
validity of the bonds, shall be conclusive as to the State of
Oklahoma, its officers, agents and instrumentalities, and thereafter
the bonds so approved and the revenues pledged to their payment
shall be incontestable in any court in the State of Oklahoma.
Status: in_force · Read it on the official government site
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